Queens, NY, March 5, 2013 – NYS Senator Joseph P. Addabbo, Jr. (D-Howard Beach) is co-sponsoring a seminar with local accounting firm Eierman & Schulken to discuss with residents, “Post-Sandy: How to File Claims - Tax, Insurance, & Accounting Issues,” set for Thursday, March 14 from 7 – 8 PM at the headquarters of New York Families for Autistic Children (NYFAC), 164-14 Cross Bay Blvd., Howard Beach, in their community room.

If you are interested in attending the seminar,please RSVP to Ms. Vivian Valentino, Eierman & Schulken Associates, Inc. in Howard Beach, (718) 835-1978, or email: vivian@enscpany.com.

The accountants will cover: how to figure out your basis when computing your casualty losses from Hurricane Sandy; computing Fair Market Value of your lost property; the tax implications of insurance reimbursements and FEMA monies received; identifying your lost property and what is considered acceptable proof before the IRS; proper record-keeping and document reconstructing after the storm; computing your allowable casualty losses and the tax ramifications of "when to claim" these losses; tax rules regarding rental property and business losses; IRS and New York State and City relief available to businesses; a discussion on the special rules regarding 401K, Roth and IRA distributions for federally declared disaster area victims.